Bitcoin Spot ETFs See $390M Inflow, Mark 8th Straight Day of Gains
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Bitcoin ETFs
Retail interest in Bitcoin remains muted, with low transaction volume and search activity, leaving the market without the momentum needed for a breakout.
Crypto Reporter
Shalini Nagarajan
Crypto Reporter
Shalini Nagarajan
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Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
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Bitcoin Spot ETFs have absorbed more than $12b in inflows since mid-April, yet its price remains stagnant.
On June 18, US spot Bitcoin ETFs pulled in $389m, according to SoSoValue data. BlackRock’s IBIT and Fidelity’s FBTC led the inflow surge, but the market has refused to rally in tandem.
Analysts at 10X Research suggest that surface-level bullish signals are masking underlying selling pressure. Inflows into ETFs may look strong, but they are likely being offset by quiet distribution from large holders, miners, and over-the-counter desks.
“There is a persistent bias toward highlighting positive developments—especially inflows and buying—while largely ignoring the equally important selling pressure,” the firm wrote in a report released Thursday.
No FOMO, No Fuel: Bitcoin Struggles as Retail and Risk Appetite Fade.
Beyond the inflows, several headwinds are dampening momentum. Retail participation, a key driver in previous bull runs, remains unusually muted....
https://cryptonews.com/news/bitcoin-sees-8-day-etf-run-bulls-still-wait-why-isnt-btc-pumping/
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